Digg CEO: Profitability Is Not A Problem Anymore

Digg.com launched as experiment in 2004 to let people post articles from various news sources, which are then either selected by other users for inclusion on the main page or passed over. Now with about 40 million users, and more than $40 million in funding from investors like Highland Capital Partners and Greylock Partners, Chief Executive Jay Adelson says the company is on the path to profitability.

Adelson was interviewed by Fox Business News today to talk about his start-up’s business model, how Digg can help newspapers and what it would take for an IPO. Here’s an excerpt of this interview (the full video is further below):